Dish to sell $2.5B in debt to fund Sprint bid
The proceeds from the offering will be placed in escrow and will then be released to finance part of the funds needed for the $25.5 billion Sprint acquisition. If the proposed merger falls through or doesn't take place before a certain date, Dish plans to redeem the notes.
Dish and Japanese carrier SoftBank have been battling for Sprint for the past couple months. SoftBank in October offered to pay shareholders $12.1 billion and … Read more